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Coal Auction
With the Centre removing Tamil Nadu's delta regions from the coal blocks auctioning, state BJP chief K Annamalai on Saturday thanked the former for doing so on the 'request' of the party's state unit. Union Minister Pralhad Joshi, who also holds the Coal and Mines portfolio had tweeted that the decision to exclude Tamil Nadu from the auctioning ambit was taken in the interest of the people of the state after Annamalai had flagged the matter with him. "@BJP4TamilNadu Pres.@annamalai_k rushed to call upon me in Bengaluru with request to exclude 3 Lignite mines from auctions in 7th tranche. In spirit of cooperative federalism & keeping in mind interest of people of TN, I have directed to exclude them from auction," Joshi had tweeted. A row had erupted over the inclusion of the state's fertile Cauvery delta regions for the coal block auctioning, with Chief Minister M K Stalin asserting in the state Assembly that his government will never allow coal mining in the delta region. "We ...
Steel, power and cement companies have bagged a sizable number of blocks auctioned under the sixth round of commercial coal auctions. As per an official note, JSW Steel has won Banai and Bhalumunda mines in Chhattisgarh, another block Parbatpur Central and Sitanala mines in Jharkhand, while JSW Cement bagged Marwatola - VI mine in Madhya Pradesh (MP). Jindal Power won Gare Palma Sector - I, Gare Palma IV/2 and Gare Palma IV/3 coal mines located in Chhattisgarh. Rungta Sons Private Limited has bagged Sakhigopal B Kankili and Chhendipada (Revised) blocks in Odisha, and Choritand Tiliaya in Jharkhand. RCR Steel Works won Patal East (Eastern Part) located in Jharkhand, Orissa Metallurgical Industry has secured Kagra Joydev mine in West Bengal. Cement companies Ambuja Cements Limited won Dahegaon-Gowari mine in Maharashtra, Ultratech Cement got Arjuni East in Madhya Pradesh, Dalmia Cement (Bharat) won Mandla North in Madhya Pradesh, Rama Cement Industries got 1 Marwatola VII mine in
Vedanta Ltd on Wednesday said that its arm Balco has won the bid for a coal block in Chhattisgarh. The company emerged as successful bidder for the mine during the fourth round of commercial coal mine auction conducted by the government. "The coal block is an optimal fit for Balco, given its logistical location," Vedanta said in a filing to BSE. Once operational, the mine will provide fuel security, enhance power availability, and further strengthen Balco's operations and performance. The block has estimated reserves of 900 million tonnes. Balco was incorporated in 1965 as the first public sector undertaking in the country. In 2001 the Centre disinvested 51 per cent shares of Bharat Aluminium Company Ltd (BALCO) to Sterlite Industries Limited, a subsidiary of Vedanta Limited. The remaining 49 per cent is with the Centre.